It’s all over but the physical.
Johan Santana is one urine sample away from being the wealthiest pitcher in baseball history.
The Mets and Santana needed a two-hour extension beyond the original 72–hour deadline to get the deal done. But according to the Mets, both sides are in agreement:
The Mets and Santana's representatives struck a deal Friday, more than an hour after the original 5 p.m. ET deadline imposed by the league office Tuesday. Neither the value nor the length of the contract is known, but executives in the game had said since early Friday afternoon that they expected Santana to have a contract through 2014 worth about $139 million. Two people with information about the signing put the figure at slightly more than $137 million after the Mets announced the agreement.
A person familiar with the negotiations said an option year had been discussed in the final hour of talks, but there was no indication one had been included. The Mets had hoped to negotiate a five-year contract. The same person had said at 5:40, "It's not done by any means," and "It wouldn't surprise me if it got done or didn't."
The $137 million figure would reflect annual salaries averaging about $21,667,000 and a signing bonus of about $7 million that would increase the 2008 earnings of the two-time American League Cy Young Award winner to about $20.25 million and the total value of the package to about $150 million. The average annual value of the six-year extension would be about $22,833,000.
The contract exceeds the value of the seven-year contract Barry Zito signed with the Giants 13 months ago and the $119 million the Mets agreed to pay Carlos Beltran from 2005-11.
The contractual agreement leaves the physical examination as the final hurdle before the Mets can link the Super Bowl and Super Tuesday with the addition of a superlative athlete who they hope will lead them to the World Series